"By offering more competitive rates, we aim to empower intermediaries to secure optimal financing solutions, helping them to meet their clients' needs."
- Molo’s distribution director, Martin Sims
Molo Finance has announced reductions to its buy-to-let mortgage rates for UK residents and expats, with cuts of up to 25 basis points.
Molo’s new rates for UK residents see two-year fixed buy-to-let rates starting from 4.35% for individual and limited company borrowers at 75% LTV, while five-year fixed rates start at 4.96%.
Specialist property products - including multi-unit freehold blocks (MUFB), houses of multiple occupation (HMO), holiday lets and investor-led properties - also see reduced rates, from 4.45% for a two-year fix and 5.06% for a five-year fix.
Expats can also benefit from reduced rates, with two and five-year fixed products now available from 4.99% for capital and interest mortgages and 5.74% for interest-only mortgages, both at 70% LTV.
For non-UK residents, fixed rates remain unchanged, starting from 5.99% for a one-year fix and 7.74% for a two-year fixed rate.
Tracker rates have been increased with two-year trackers starting from 8.65% and five-year trackers at 8.84%, both at 70% LTV.
Molo’s distribution director, Martin Sims, said: “We are pleased to announce these updated rates across our buy-to-let product range. By offering more competitive rates, we aim to empower intermediaries to secure optimal financing solutions, helping them to meet their clients' needs.”
